UNI-PRESIDENT CHINA HOLDINGS LTD stock discussion
META Meta's stock performance has been impressive in 2023, almost doubling due to improved sentiment towards tech stocks, aggressive cost-cutting measures, and the company's focus on generative AI1. Loop Capital analyst Rob Sanderson upgraded his rating on Meta from "Hold" to "Buy" on May 15 and increased his price target from $220 to $320, citing a "much brighter revenue picture"1.In terms of financial performance, Meta reported a surprise increase in revenue to $28.64 billion in the first quarter of 2023, a 3% year-over-year growth. However, net income stood at $5.71 billion, reflecting a decline of 24% compared to the same period last year1. The company's focus on AI has been visible in its recent initiatives, such as the AI Sandbox, a testing platform for advertisers to experiment with generative AI-powered ad tools, expected to drive ad growth. The company plans to make the AI Sandbox available to all advertisers by July 2023 and intends to add more features to it in the future1.
Despite these positive developments, there are some areas of concern. The company's Reality Labs unit, responsible for developing VR and AR technologies for the metaverse, reported an operating loss of $3.99 billion, with guidance for higher operating losses throughout the year. Nevertheless, the potential of the metaverse is massive, and the Reality Labs division is expected to provide substantial benefits to the company and its shareholders in the long run1.
The long-term outlook for Meta remains positive, with the advertising market picking up and the company's investments in generative AI expected to drive growth. The success of Reels and the promise of monetization opportunities it brings, along with the company's efforts to optimize its ad targeting algorithm and enhance user engagement, are also positive indicators for the future1.
However, the company's aggressive cost-cutting measures, which have included layoffs, could be a cause for concern in the long term. While cost optimization is important, it's also crucial to continue pursuing growth opportunities even in adverse economic conditions. The future efficiency of Meta's business operations will depend on striking the right balance between these two aspects1.
Considering these factors, along with the company's ongoing efforts in enhancing AI capabilities and diversifying its product portfolio, Meta's stock seems to hold a promising outlook, making it a potential "Buy" for investors. It's important to keep in mind that while Meta's short-term performance has been impressive, the stock's value in the long term will largely depend on how well the company can execute its strategic initiatives, manage costs, and adapt to evolving market conditions.
META 31/03/2023META - $211.94
Monthly (Bearish):
1) Monthly price closed above EMA 20 & EMA 50 (monthly)
2) Price barely breaks the monthly DTL
3) EMA 20 hasn't cross the EMA 50
4) Monthly Support $92.35
Weekly (Bullish)
1) Price touched the weekly EMA 200 (barely cracking up).
2) Price broke out 10 month DLT (starting 4 Apr 2022) and making reversal of trend. A HL was formed 13 Mar 2023 (a bullish flag)
3) Price broke the flag pattern on 13 Mar 2023. If X-to-X on weekly, next target is $247.57
4) Reservation point. EMA 20 haven't cross EMA 50. Doesnt' constitute a much bullish on weekly.
5) Weekly RSi approaching overbought zone
Daily (Bullish)
1) EMA20 > EMA 50 > EMA 200
2) 31/3 closing price cracked up the ascending traingle pattern form 16/3/2023
3) X-to-X target $220
hourly (Bullish)
1) Possible for intra-day or short- swing
2) Need to wait for retracement. Ideally 208-207 level
3) TF 15m there potential reversal level around $210.25 (Fibo 0.618 - TF15m)
Trading strategy:
1) Wait for TF15m/30m/1H to pull back at the 210.25, ideally 208-207 level (making a higher-low)
2) Go onto lower TF to analyze market structure, making HH and HL after the pull back to go LONG.
Potential levels:
EP: $208 (Fibo 0.5 - 0.618 = 1H)
SL: $206 ( TF15m nearest support)
TP: $220 (Previous day high)
RRR: 6
TSLA looks for above $186 for a move to $220 - $225 on the daily (may need a pullback on the weekly overall, but strong volumes suggest there's more upside over the coming weeks IMO) Idea:Tesla’s price has doubled in s…
TSLA may be in for a bit of a run if those that are short selling let it have a week of glory running into the Investor Forum before killing it on March 2nd as they take positions to lock in Profits as they push it down. I think a potential high of $220 or even $226 by March 1st and then a pull back to $202, or our current level at $208